Lightning bitcoin payment on this forum - page 2.

sujonali1819

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Quote from: Oshosondy on April 21, 2021, 02:36:32 PM

I believe campaign managers will be the best to answer this question, I will like campaign managers to give some valid reasons they are not yet using lightning network for paying, also people can comment about any suggested reasons they are thinking to be the reason.

Or is lightning payment not yet safe?

I think in coming days Campaign managers will start to use bitcoin LN payment. At first need to start by atleast one manager.

Lightning bitcoin payment still not using in this forum due to maybe most of the people here are not familiar with this. Personally I don't know how actually it work. And I think in near future people will be forced to user Lightning bitcoin due to unrealistic bitcoin tnx fees.

AB de Royse777

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Quote from: Bitfort on April 21, 2021, 03:17:15 PM

An alternate option could be to allow participans using custodial wallets where internal transfers are free.
Maybe you can offer some sort of bonus for such users?

I need a custodial wallet that allows
1. Mass payment like using Electrum I can pay more then one address in one transaction
2. Fees are less of course.

Any such service?

Quote from: Oshosondy on April 21, 2021, 04:21:53 PM

There are topics on lightning network on this forum but these two are the best I have noticed.

The Lightning Network FAQ
Electrum Lightning Network walkthrough

Thanks buddy.

Oshosondy

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Quote from: AB de Royse777 on April 21, 2021, 02:53:37 PM

Do we have a topic about creating LN channel using Electrum?

There are topics on lightning network on this forum but these two are the best I have noticed.

The Lightning Network FAQ
Electrum Lightning Network walkthrough

Bitfort

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Quote from: AB de Royse777 on April 21, 2021, 02:53:37 PM

Quote from: Oshosondy on April 21, 2021, 02:36:32 PM

I believe campaign managers will be the best to answer this question, I will like campaign managers to give some valid reasons they are not yet using lightning network for paying, also people can comment about any suggested reasons they are thinking to be the reason.

I felt the need today. I am managing a campaign where I was suppose to pay 50+ users in bitcoin. Total amount was something like 0.004 BTC and Electrum was suggesting me a fee of 0.00435457 BTC

Quote from: AB de Royse777 on April 21, 2021, 07:31:04 AM

Fees for broadcasting 0.00435457 BTC ( 255.4 sat/byte ) at current sat/byte rate for next block.

This is obviously unreasonable. So I had to change the payment method. With that I am now in some hassle.

1. I had to move the campaign thread from Service board to Altcoin board.
2. Asking LTC address from the participants and many more.

I think in the next BTC paying campaign I will consider an LN payment if I can convince the devs of whatever the project is. One problem I see is the wallet making hassle for campaign participants. Do we have a topic about creating LN channel using Electrum?

An alternate option could be to allow participans using custodial wallets where internal transfers are free.
Maybe you can offer some sort of bonus for such users?

AB de Royse777

legendary

Activity: 2464

Merit: 3878

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Oshosondy on April 21, 2021, 02:36:32 PM

I believe campaign managers will be the best to answer this question, I will like campaign managers to give some valid reasons they are not yet using lightning network for paying, also people can comment about any suggested reasons they are thinking to be the reason.

I felt the need today. I am managing a campaign where I was suppose to pay 50+ users in bitcoin. Total amount was something like 0.004 BTC and Electrum was suggesting me a fee of 0.00435457 BTC

Quote from: AB de Royse777 on April 21, 2021, 07:31:04 AM

Fees for broadcasting 0.00435457 BTC ( 255.4 sat/byte ) at current sat/byte rate for next block.

This is obviously unreasonable. So I had to change the payment method. With that I am now in some hassle.

1. I had to move the campaign thread from Service board to Altcoin board.
2. Asking LTC address from the participants and many more.

I think in the next BTC paying campaign I will consider an LN payment if I can convince the devs of whatever the project is. One problem I see is the wallet making hassle for campaign participants. Do we have a topic about creating LN channel using Electrum?

Oshosondy

legendary

Activity: 1610

Merit: 1193

Gamble responsibly

I have noticed one thing, that signature on this forum are not yet using bitcoin lightning network payment. Lightning network payment makes bitcoin transaction cheaper and faster and it is supported by some recommended wallets by now, two of the good wallets are bluewallet and electrum. I have not used lightning network before but I will prefer electrum because it is noncustodial and yet open source.

I believe campaign managers will be the best to answer this question, I will like campaign managers to give some valid reasons they are not yet using lightning network for paying, also people can comment about any suggested reasons they are thinking to be the reason.

Or is lightning payment not yet safe?

Topic: Lightning bitcoin payment on this forum - page 2. (Read 381 times)